MCST(SZ:300355)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 304,539,439.94, representing a 24.26% increase compared to CNY 245,089,674.10 in the same period last year[4] - Net profit attributable to shareholders was CNY 31,352,170.80, a significant increase of 197.35% from CNY 10,543,970.89 year-on-year[4] - The net profit after deducting non-recurring gains and losses reached CNY 18,460,618.14, up 972.63% from a loss of CNY 2,115,523.87 in the previous year[4] - Basic earnings per share increased to CNY 0.02, doubling from CNY 0.01 in the previous year[4] - The net profit for the first quarter was CNY 33,089,375.11, compared to CNY 20,381,064.27 in the previous year, representing a growth of 62.2%[28] - The profit attributable to the parent company's shareholders was CNY 31,352,170.80, up from CNY 10,543,970.89, indicating a substantial increase of 197.5%[28] Cash Flow and Assets - The company's cash flow from operating activities showed a negative net amount of CNY -200,214,855.27, worsening by 531.34% compared to CNY -31,712,593.82 in the same period last year[4] - The company reported a decrease in cash and cash equivalents from CNY 871,483,051.56 at the beginning of the year to CNY 424,931,358.08 by the end of the quarter[23] - The total current assets decreased from CNY 6,639,626,492.72 to CNY 6,085,810,177.53, reflecting a decline of about 8.3%[23] - The total assets at the end of the reporting period were CNY 15,343,421,949.31, a decrease of 4.17% from CNY 16,010,930,345.17 at the end of the previous year[4] - The total non-current assets amounted to CNY 9,257,611,771.78, a decrease from CNY 9,371,303,852.45, reflecting a decline of 1.2%[24] Liabilities and Shareholder Information - Total liabilities decreased to CNY 9,568,439,007.19 from CNY 10,253,836,778.16, reflecting a reduction of 6.7%[25] - The total number of common shareholders at the end of the reporting period was 65,557[10] - The top shareholder, Wang Zhaoming, holds 16.78% of the shares, totaling 269,131,442 shares[10] - The company has 3 preferred shareholders at the end of the reporting period[13] - The largest preferred shareholder, Hohhot Investment Co., Ltd., holds 62.50% of the preferred shares, totaling 5 million shares[13] Research and Development - The company's R&D expenses decreased by 33.37% to CNY 14,934,601.66 from CNY 22,415,481.26 in the same period last year[7] - Research and development expenses for the quarter were CNY 14,934,601.66, down from CNY 22,415,481.26, a decrease of 33.5%[27] Contracts and Projects - The company signed 33 new engineering construction contracts with a total amount of 276.44 million RMB, a decrease of 88.58% year-on-year[18] - The company has ongoing PPP projects with significant contract amounts, including CNY 306,325 million for the ecological project in Hohhot City[20] - The cumulative recognized sales revenue for the ecological landscape project in Hohhot City is CNY 212,463.74 million[20] - The total contract amount for the ecological restoration project in Alxa League is CNY 239,335.67 million, with a cumulative recognized sales revenue of CNY 155,932.01 million[21] - The total amount of the ecological environment governance project in Tongliao City is CNY 87,667.1 million, with a cumulative recognized sales revenue of CNY 8,483.24 million[21] - The company confirmed that all major contracts are being performed normally, with no significant risks affecting contract execution[20] - The company is actively involved in multiple ecological restoration projects across various regions, indicating a strong market expansion strategy[21] Cash Flow Activities - The cash inflow from operating activities was CNY 619,643,381.48, a decrease of 22.1% compared to CNY 795,191,984.23 in the previous period[30] - The cash inflow from investment activities totaled CNY 14,145,885.99, significantly up from CNY 1,065,053.54 in the previous year[31] - The cash inflow from financing activities was CNY 366,000,000.00, an increase from CNY 234,238,646.00 in the previous year[31] - The cash paid for purchasing goods and services was CNY 607,187,129.78, a decrease of 12.2% from CNY 691,533,505.72 in the previous year[30] - The cash paid for employee compensation was CNY 48,881,230.58, slightly down from CNY 50,676,815.26 in the same period last year[30]